Standard Aerosol Market Size (2023 – 2030)

The Global Standard Aerosol Market is estimated to be worth USD 80.63 billion in 2023 and is projected to reach a value of USD 127.79 billion by 2030, growing at a steady CAGR of 6.8% during the outlook period 2024-2030.

A growing business, the aerosol market offers a wide variety of goods in several industries. Aerosols are frequently utilized in applications related to personal care, home maintenance, healthcare, food and beverage, automotive, and industry. A suspension of small particles or liquid droplets in a gas is referred to as an aerosol. This gas may be nitrogen, air, or another type of explosive. Aerosols are a common component of personal care products including hairsprays, deodorants, and sunscreen sprays for the skin, hair, and body. Aerosols are utilized in the home industry for cleaning supplies, insect repellents, and air fresheners. Aerosols are utilized in the food and beverage industries for whipped cream, cooking spray, and carbonated beverages.

Key Market Insights:

In association with the Canadian pharmaceutical firm SaNOtize Research and Development Corporation, Mumbai-based Glenmark Pharmaceuticals introduced FabiSpray, the nation's first aerosol Nitric Oxide Nasal Spray (NONS).

With a $25 million investment, the aerosol dispensing solutions provider Lindal Group began building a new production site in Brazil.

Starco Brands, a company located in California, US, has introduced a new aerosol hand sanitizer. The company has applied for a patent and started selling the spray technology with a 75% alcohol solution under its consumer brand Breathe.

Evolution is a water-based aerosol paint that was created by Spanish paint manufacturer Pintyplus. The traditional solvent-based Evolution delivers the same adhesion, toughness, and ease of installation as the new aerosol paint.

In collaboration with SaNOtize Research and Development Corporation of Canada, Glenmark Pharmaceuticals of Mumbai, India, unveiled FabiSpray, the country's first aerosol nitric oxide nasal spray (NONS).

Global Standard Aerosol Market Drivers:

Developing countries should use more automotive technology to boost market expansion:

Wipes, oil cans, and ignition sealers are just a few of the goods in the automotive industry that employ aerosol. The battery terminal, electric motor, carb & and choke electrical, brake, engine, or propellant intake are all cleaned using spray cleaning in automobiles. In addition, spraying cleaning equipment is required for use with tire lubricants, citrus, motors, and other common purposes. Automobile lubricants, polishes, etc. are also kept in aerosol cans and containers.

Growing Pharmaceutical and Personal Care Packaging Demand Fuels Market Growth:

The majority of customers rely substantially on packaging since it helps them make judgments about what to buy daily. An increasing number of consumer packaged goods (CPC) companies are using recyclable and reusable aerosol-based packaging. Aerosol packing offers airtight goods, lowering the risk of leaks, accidents, and fractures. The CPC sectors are creating opportunities in the aerosol business because of all the ways they are cost- and environmentally efficient. Additionally, pharmaceutical companies are using pharmaceutical aerosols to treat diseases that restrict the airways, such as asthma, COPD, and TB.

Global Standard Aerosol Market Challenges:

Alternatives that are accessible and dangers associated with product recalls:

The cost of aerosol cans is higher than that of conventional packaging. The price of finished goods is impacted by additional production expenses. For continuous spraying, manufacturers are looking for alternatives such as bag-in-bottle container solutions that don't need any kind of aerosol propellant. Performance, efficiency, and outstanding value are just a few of these sprayers' many environmental advantages. Refillable spray bottles are more affordable than aerosol cans since they don't need to be thrown away after use. They become more ecologically friendly as a result of this.

Global Standard Aerosol Market Opportunities:

A Growing Number of Food Products Now Contain Aerosols:

Over the course of the projected period, market growth is anticipated to be fueled by the increasing usage of aerosols in several culinary products, including chocolate, whipped cream, ketchup, olive oil, and vinegar. Increased consumption of ice cream, pies, cupcakes, sundaes, hot chocolate milkshakes, cakes, cheesecakes, waffles, and puddings has driven the worldwide whipped cream business. The consistent and exact dispersion of the aerosol whipped cream is driving demand. In the upcoming years, the expanding whipped cream industry is also projected to be advantageous for the worldwide aerosol market and establish a barrier between the food product and the outside environment, aerosols assist in keeping the product 100% intact, extending its shelf life and preventing contamination. Rising disposable income and shifting consumer lifestyles brought on by increased urbanization are anticipated to favorably impact the industry. Market expansion is anticipated to be aided by ongoing product innovation, customer preferences for high-quality goods, and strengthened government food regulations. One of the main factors influencing the demand for packaged meals is the expansion of women's employment. Over the forecast period, it is projected that this would increase demand for aerosols in culinary applications.

STANDARD AEROSOL MARKET REPORT COVERAGE:

Global Standard Aerosol Market Segmentation: By Material

• Steel

• Aluminum

• Others

Aluminium is expected to increase at a significant growth rate during the projection period, dominating the market and holding the greatest revenue share of 60.6% in 2022. Aluminium is a recyclable substance that may be recycled several times. It also provides sturdy packaging, which greatly improves the product's visual appeal. These elements have a significant impact on the segment's expansion. Over the past several years, aluminum prices have dramatically risen around the globe.

The ultimate cost of aerosols is rising as a result of rising aluminum prices. Because of this, aerosol makers are anticipated to choose a less expensive alternative, which can impede the expansion of the aluminum material market in the upcoming years. Due to the low weight, cheap cost, and great recyclability of PET plastic, the plastic material category has also seen substantial demand over the past few years. A severe restriction on plastic packaging, particularly in Europe, is anticipated to impede this market's future expansion.

Global Standard Aerosol Market Segmentation: By Application

• Personal Care

• Household

• Automotive & Industrial

In 2022, the personal care category led the market and accounted for 34.7% of total sales. The market is being driven by an increase in the demand for deodorants and hair care products. Due to changing lifestyles, increased consumer spending, and an emphasis on gender-specific products, there is an increase in the demand for personal care items in developing markets.

The rapid expansion of the home market is linked to rising living standards and a focus on hygiene, particularly in emerging countries. Consumption of home goods including air fresheners, cleansers, sanitizing products, and disinfectants has increased as a result of this. These items last longer and waste less when distributed in smaller quantities.

Global Standard Aerosol Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

In 2022, Europe had a 36.1% revenue share of the aerosol market, dominating it. The region also produces the most aerosols than any other. The personal care industry's extensive presence is primarily responsible for its high share. Regional markets are expanding as a result of factors including increased cosmetics usage, explosive expansion in the fragrance sector, and rising consumer expenditure. Despite rising consumer demand from the personal care sector, the European market's expansion is constrained by rules on emissions of volatile organic compounds (VOCs) set out by the European Commission and Environmental Protection Agency (EPA). However, it is predicted that technologies will help the area overcome this problem soon. For instance, Breathe debuted a new range of aerosol cleansers in 2018 that had been approved by the EPA's Safer Choice Programme.

One of the fastest-growing areas, Asia Pacific is anticipated to experience a CAGR of 8.0% over the projection period. It is projected that throughout the course of the projection period, the governments of China and India will open up lucrative development chances for the market by prioritizing the promotion of favorable investments. Demand for aerosol in the personal care, automotive, and paint industries is rising as a result of rising consumer expenditure in growing Asian nations. Due to high expenditure on hair care products in nations like Saudi Arabia and the United Arab Emirates, the Middle East and Africa are also anticipated to have considerable development over the projected period. Additionally, the UAE, Saudi Arabia, and Kuwait are home to hypermarkets like Carrefour and Lulu Hypermarket, which have secured the retail distribution of consumer goods.

COVID-19 Impact on Global Standard Aerosol Market:

The COVID-19 epidemic has disrupted global supply chains and reduced demand for personal care products. Since the outbreak, the market has identified a substantial demand gap for essential consumer goods. The supply of raw materials and other indirect commodities has been negatively impacted by the economic slump. Contrarily, the pharmaceutical aerosol had a significant role in COVID-19. As a result of the virus' widespread circulation, the number of patients with coronavirus illness has increased significantly. Many patients have now been on mechanical breathing for a lengthier time as a result. Their medication delivery systems have been widely used to provide beneficial care for patients with coronavirus infections and to lessen the symptoms of respiratory illnesses while a patient is being ventilated mechanically.

Global Standard Aerosol Market Recent developments:

Important businesses are increasingly implementing market tactics like acquisitions to improve their market position and enter new geographies. For instance, in June 2020, Unilever and Tubex, a company that makes aerosol cans, worked together to create environmentally friendly packaging for Rexona Recycled Refreshed. 25% of the aerosol can is post-consumer material. Additionally, Procter & Gamble got an endorsement from the US Environmental Protection Agency for their sanitizing spray, Microban 24. The SARS-CoV-2 virus that causes COVID-19 was shown to be resistant to the spray.  

Key Players:

1. Henkel AG & co.

2. KGaA

3. S. C. Johnson & Son, Inc.

4. Procter & Gamble

5. Unilever

6. Honeywell International Inc.

7. Akzo Nobel N.V.

8. Beiersdorf AG

9. Estée Lauder Inc.

10. Oriflame Cosmetics Global SA

• In December 2022: In comparison to other contemporary technologies, Honeywell Solstice ze (HFO-1234ze), which has an extremely low GWP, can now be produced at double the capacity at its plant in Baton Rouge, Louisiana. Foam insulation, aerosol propellants, refrigeration, and air conditioning systems, among other things, all utilize Solstice ze.

• In August 2023: AkzoNobel has finished buying the Chinese Decorative Paints division of Sherwin-Williams. Through the purchase, we will be able to further segment the market and extend our reach outside of the premium category, which will strengthen the company's position in China.